Business & Markets

NextDecade and Shell Execute 2 MTPA, 20-Year LNG Sale and Purchase Agreement

NextDecade Corporation (“NextDecade”) announced at the LNG2019 conference in Shanghai, a 20-year sale and purchase agreement (“SPA”) with Shell for the supply of two MTPA of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Mass. Budgets Statewide Review of Natural Gas Systems

Gov. Charlie Baker has signed a spending bill that funds a statewide examination of Massachusetts’ natural gas distribution system. The review was ordered after the Sept. 13 gas explosions that killed one person, injured 25 others and damaged or destroyed dozens of buildings in the Merrimack Valley.

Trump Signs New Permission for Keystone XL Pipeline

U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana.

Denmark Asks Nord Stream 2 to Assess Third Route Option for Gas Pipeline

The Danish Energy Agency has requested an environmental assessment of a third route option for the Nord Stream 2 gas pipeline in Danish waters, a move that could delay the project to pump Russian gas to Europe.

NextDecade to Make Major Announcement at LNG2019

NextDecade Corporation (NextDecade) will make a major announcement related to its Rio Grande LNG project at LNG2019 in Shanghai, China. The announcement will take place on Tuesday, April 2, 2019 at 11:00 a.m.

UK Oil and Gas Authority Releases Data on Over 3,000 Pipelines

Earlier this week, the UK Oil and Gas National Data Repository (NDR) was launched with over 130 terabytes of data covering thousands of pipelines, offshore wellbores, and seismic surveys going back more than 50 years. This is believed to be one of the largest ever single open releases of data in the industry.

Additional Pipeline Takeaway Capacity Increased Permian Crude Price

Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. These transportation constraints had forced producers to use more expensive ways to transport crude oil, resulting in lower received prices.

No-Deal Brexit Won't Disrupt UK Gas Flows from Europe: National Grid

Britain's National Grid said electricity and gas flows from continental Europe would continue as normal even under a no-deal Brexit.

U.S. Shale Boom Drawing Big Oil Back to Permian Pushing Out Independents

Major oil companies are pouring money and resources back into the Permian after new shale discoveries and improvements in technology will enable the U.S. to quickly become the world's second largest oil producer behind only Saudi Arabia.

US Court Stays Ruling Against Dominion Atlantic Coast Pipeline

US Court Stays Ruling Against Dominion Atlantic Coast Pipeline   A U.S. appeals court has stayed a previous court decision against Forest Service permits that allowed Dominion Energy Inc to build the $7 billion Atlantic Coast natural gas pipeline across national forests and the Appalachian Trail.  ..

Project Delays Sink Oil Sands Output in 2019

Canadian Oil Sands production in 2019 will be almost 230,000 b/d lower than last year, according to ESAI Energy’s recently published North America Watch.

Surging LNG Imports Drive Down British Wholesale Gas Prices

Britain's imports of liquefied natural gas (LNG) for March are at their highest levels since October 2015, helping British wholesale gas prices slide to a more than 18-month low.

Petrobras Looking at $10 Billion in Divestments, Including Pipeline Unit

Roberto Castello Branco, the chief executive of Brazil’s Petroleo Brasileiro SA, said he believes the company will divest $10 billion in assets in the first four months of 2019, aided by the sale of a major pipeline unit.

Boost Productivity During Power System Upgrades

Oil and gas plant resources around the globe are feeling the pain of relying on aging power-distribution systems. Using intelligent packaged power can help reduce risk and costs, while unleashing information for performance improvements.

Con Edison Halts Gas Hookups, Citing Interstate Pipeline Constraints

Consolidated Edison Inc said it will impose a moratorium on new natural gas service in parts of New York's Westchester County to protect system reliability due to limited space on interstate pipelines to the region.

At Least 5 Killed in Iran Gas Pipeline Explosion

A gas pipeline explosion in southwestern Iran killed at least five people and injured six, the Tasnim news agency reported.

Global News

Finland, Estonia and Latvia Sign Deal for Single Gas Tariff Zone Gas transmission operators of Finland, Latvia and Estonia signed an agreement on to set up a single gas transmission tariff zone for the three countries from the start of 2020. The agreement fulfills a goal ..

Unwanted Night Moves

Whenever the subject of internal corrosion in pipelines comes up, it rekindles some unpleasant memories from my extensive time as a pipeline company spokesperson. Being part of an emergency response team for over 12 years was rewarding in many ways, but there was always an uneasy feeling when the phone would ring in the middle of the night.

Exploring Tariffs to Curb Alleged Chinese Intellectual Property Thefts

The United States recently implemented significant trade tariffs against Chinese products, totaling over $250 billion. As a result, its trade negotiations with China have waxed and waned over the past several months.

Corrosion Protection Through New Cost-Effective Coating

A growing number of proactive companies are going beyond traditional techniques that have only slowed corrosion. They are turning to a new category of tough, chemically bonded phosphate ceramics (CBPCs) that can stop carbon steel corrosion, extend equipment life, and minimize the cost and production downtime required to recoat, repair, or replace equipment.

SGA’s Chapman Promotes Clean Energy Future

P&GJ recently sat down with Adrian Chapman to discuss his new role as the Chair of the Board of Directors of the Southern Gas Association, and the outlook for SGA and the energy industry.

Storage Tanks Explode at Venezuela Heavy Oil Project

Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator.

Pakistan to Open Gas Fields, Pipelines to Attract Foreign Investment

Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors. To encourage development, the government also plans to make its pipeline system more accessible and affordable.

NACE International Roundtable: Corrosion Management for Pipeline Integrity

To explain the value of corrosion management systems (CMS), how they work, and what programs and platforms are available to help organizations improve corrosion control programs, three experts in oil and gas pipeline corrosion management share their knowledge and experience with CMS. They are Michael Ames, Chapman Engineering; Gerry Koch, DNV GL; and David Kroon, Aegion Corporation.

U.S. Energy Information Administration Forecast Continued Growth of Natural Gas Production and Export

The 2019 Annual Energy Outlook (AEO2019) Reference case produced by the U.S. Energy Information Association (EIA) shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

Argentina Plans Vaca Muerta Production Boost, Pipeline Buildout

Argentina's energy secretary today reiterated his country's commitment to build infrastructure and boost output of natural gas, citing plans for a new 22 MMcm/d pipeline from the Vaca Muerta shale producing region to Buenos Aires.

Serbia's Gastrans Invites Binding Bids for New Gas Link

Serbia's Gastrans has invited binding bids to book capacity at a planned section of Gazprom's TurkStream pipeline, which will carry Russian natural gas across Serbia to Europe.

TPG Capital Announces Acquisition of Goodnight Midstream

TPG Capital, the private equity platform of global alternative asset firm TPG, announced today it has signed a definitive agreement to acquire a majority stake in Goodnight Midstream, a leading midstream produced water infrastructure company, for approximately $930 million. TPG is acquiring the company from Tailwater Capital and private investors. Existing shareholders, including management, will retain a significant minority interest in the company.

Lebanon Warns Against Using Disputed Territory for East Med Pipeline

Lebanon on Thursday warned its Mediterranean neighbors that a planned East Med gas pipeline from Israel to the European Union must not be allowed to violate its maritime borders.

Three Groups Bid to Build $1.6 Billion Gas Pipeline in Bulgaria

Three consortiums have submitted bids in a 1.4 billion euro ($1.6 billion) tender to build a pipeline to carry Russian natural gas across Bulgaria, state-owned network operator Bulgartransgaz said on Thursday.